Minutes of the 70th meeting of the Board of Approval for SEZs held on 28th April 2016 to consider proposals for setting up Special Economic Zones and other miscellaneous proposals
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Extension of SEZ approvals granted: Board extended multiple approvals and imposed conditioned compliance requirements. The Board granted multiple extensions of formal approvals, in principle approvals and Letters of Permission for SEZ developers and units, often as final extensions or subject to receipt of statutory clearances and financial closure reports; approved co-developers subject to standard SEZ terms and a general maximum lease period with tax scrutiny preserved for lease rentals and related payments; approved certain SEZ proposals and sector additions while deferring others for lack of state recommendation; cancelled approvals for unsatisfactory progress subject to DC certification regarding tax/duty benefits; and directed specific disclosures and compliance in change-of-ownership cases.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Extension of SEZ approvals granted: Board extended multiple approvals and imposed conditioned compliance requirements.
The Board granted multiple extensions of formal approvals, in principle approvals and Letters of Permission for SEZ developers and units, often as final extensions or subject to receipt of statutory clearances and financial closure reports; approved co-developers subject to standard SEZ terms and a general maximum lease period with tax scrutiny preserved for lease rentals and related payments; approved certain SEZ proposals and sector additions while deferring others for lack of state recommendation; cancelled approvals for unsatisfactory progress subject to DC certification regarding tax/duty benefits; and directed specific disclosures and compliance in change-of-ownership cases.
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